Remove Overhead Remove Permits Remove Profitability Remove Project Management
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What’s in a JOC Coefficient

Job Order Contracting

Here’s a listing of what is typically included in a construction contractor’s Job Order Contract coefficient… Contractor’s overhead and profit. Subcontractors’ overhead and profit. Project management and supervision. Office management and equipment. Office management and equipment.

Overhead 100
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Understanding the Contractor’s Job Order Contract Coefficient

Job Order Contracting

Example include, general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, equipment rental, and contractor’s profit. Subcontractors’ overhead and profit. Project management and supervision. Permits, licenses and fees.

Contract 100
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What are Preliminaries in Construction Contracts?

Lets Build

Most construction companies, project managers , and contractors will deal with preliminaries in their construction contracts. These preliminaries, also called prelims, cover costs for an entire construction project—not for specific work sections or activities. Management and administrative costs. What are prelims?

Contract 144
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Job Order Contract Coefficient – Training 101

Building Information Management

Examples of costs that may be included in the coefficient include: General and administrative and other overhead costs. contractor’s profit. subcontractor’s overhead and profit. Project management and supervision. Office management and equipment. Permits, licenses and fees.

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

The 4BT-CE(TM) JOC cloud estimating and project management system, or equivalent, shall also be used. coefficient (reference table of allowable overhead). The contractor typically bears overhead costs as part of the proposed coefficient of the JOC program. authorization. authorization. may not, be identified in the UPB.

Contract 100
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Construction Cost Estimating Blog: Composition of total price of a.

Construction Cost Estimating

Margin alias markup includes three component indirect or distributable costs, company-wide or general and administrative costs; and Profit. Indirect costs relate to project-specific cost not related with a specific physical item. Profit for construction may come in two ways – Gross Profit and Net Profit.

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Rory Woolsey's Construction Estimating Blog: Costing Construction

Rory Woolsey

Bare is exactly that; it is the bare cost of the direct activities less any mark ups for labor burden, taxes, bond, overhead and profit. All direct costs are then adjusted to include home office overhead and profit for the installing contractor. Site overhead costs can be 5% to 15% of the overall project cost.